Glomac Q3 net profit rises 16pc to RM25.4m

KUALA LUMPUR: Glomac Bhd reported a 16 per cent rise in net profit to RM25.4 million in its third quarter ended January 31 2013, on the back of 10 per cent increase in revenue to RM159.9 million, from the previous corresponding quarter. Glomac said profit growth remained strong with high unbilled sales. "Key projects contributing to the robust performance were GlomacDamansara, Reflection Residences in Mutiara Damansara and strong sales from its township developments, Bandar Saujana Utama and Saujana Rawang," it said.